UK Economic Outlook Darkens After Surprisingly Strong First Half
- Some data point toward weaker demand as rate increases bite
- Jobs market, retail sales and corporate activity turn negative
The UK’s slowdown follows bigger declines across the euro area, which saw its third consecutive monthly contraction in PMIs this week.
Photographer: Dan Kitwood/Getty Images EuropeThis article is for subscribers only.
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Britain dodged a recession last year despite a historic energy price shock and an investor revolt that forced out the prime minister. Recent data have raised questions about whether it will be so lucky this time around.